Asset Analysis as at 31/12/04

JPMorgan Fleming Japanese IT PLC
14 January 2005



                       ASSET ANALYSIS AS AT 31st December 2004



JPMORGAN FLEMING JAPANESE INVESTMENT TRUST plc

                                                          % funds as at 31/12/04

UK                                                                             0
Japan 1st section                                                             96
Japan 2nd section                                                              1
Japan OTC/regional                                                             1
Japan bonds                                                                    0
Cash and non Japanese fixed interest                                           2
                                                                             100



                      This information is provided by RNS
            The company news service from the London Stock Exchange